Mallee Bull Project
Mineral Resource July 2017
6.76 million tonnes at 1.8% copper, 31 g/t silver, 0.4 g/t gold, 0.6% lead and 0.6% zinc (a combined total of 2.6% copper equivalent) containing approximately 119,000 tonnes of copper, 6.6 million ounces silver, 83,000 ounces gold, 38,000t lead and 38,000t zinc (175,000t copper equivalent) (using a 1% copper equivalent cut-off)
Resource infill and definition drilling has commenced at Mallee Bull. The drilling program, which is anticipated to comprise ~20,000m of diamond drilling, is designed to establish a predominantly Indicated Resource classification. The drilling is anticipated to be completed in the second half of 2021.
Metallurgical testwork, geotechnical studies, and underground mining studies will be ongoing to assist the Company with collating and releasing a scoping study on the project as part of the broader South Cobar Deposit Concept Study.